Lycos Energy (CVE:LCX) Price Target Cut to C$4.75 by Analysts at National Bankshares

Lycos Energy (CVE:LCX) had its price target dropped by equities researchers at National Bankshares from C$5.25 to C$4.75 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 91.53% from the company’s previous close.

Lycos Energy Stock Performance

LCX traded down C$0.01 during mid-day trading on Thursday, reaching C$2.48. The stock had a trading volume of 900 shares, compared to its average volume of 147,685. The stock has a market capitalization of C$131.96 million and a P/E ratio of 13.05. Lycos Energy has a 52 week low of C$2.28 and a 52 week high of C$3.83. The firm’s fifty day simple moving average is C$2.62 and its two-hundred day simple moving average is C$2.87.

About Lycos Energy

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.